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Old 03-14-2019, 10:42 AM   #51
LifeRebooted
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Re: Best on Strip casino to play cheap Craps

House edge is actually slightly higher when you play lower odds, because you are wagering a greater proportion of the money you bet at -EV instead of 0EV. I can go into more detail but this should be pretty intuitive.

Of course, the utility of playing longer, getting more drinks, having more fun, etc. may very well be more important than maximizing EV.
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Old 03-14-2019, 08:17 PM   #52
RollWave
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Re: Best on Strip casino to play cheap Craps

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Originally Posted by LifeRebooted View Post
House edge is actually slightly higher when you play lower odds, because you are wagering a greater proportion of the money you bet at -EV instead of 0EV. I can go into more detail but this should be pretty intuitive.
here you appear to be talking edge as a percentage...

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Originally Posted by LifeRebooted View Post
Of course, the utility of playing longer, getting more drinks, having more fun, etc. may very well be more important than maximizing EV.
but then you switch your terminology to EV, which should never be a percentage. EV should only ever be expressed as dollars/chips/etc.

max odds and min odds will result in the same EV. I can go into more detail, but this should be pretty intuitive.
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Old 03-14-2019, 10:13 PM   #53
EndoBird
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Re: Best on Strip casino to play cheap Craps

Here’s what you do: play low limits, flea it up, have some fun, and make all your bets at once!


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Old 03-15-2019, 12:33 AM   #54
LifeRebooted
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Re: Best on Strip casino to play cheap Craps

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Originally Posted by RollWave View Post
max odds and min odds will result in the same EV. I can go into more detail, but this should be pretty intuitive.
Upon further reflection, I see you are right, but you do not need to be sarcastic about it. Still, it intuitively seems to me there must be a benefit to reducing the overall house edge, even if there is no impact on EV.
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Old 03-15-2019, 07:54 AM   #55
Pensfan
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Re: Best on Strip casino to play cheap Craps

Well, this had potential to be a fun thread, but killed like all the others.
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Old 03-15-2019, 11:07 AM   #56
surftheiop
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Re: Best on Strip casino to play cheap Craps

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Originally Posted by LifeRebooted View Post
Still, it intuitively seems to me there must be a benefit to reducing the overall house edge, even if there is no impact on EV.
Only if you want to be betting more money.

If your perfectly happy with the fun of betting only $10 on the pass line, then you really gain (or lose) nothing from betting the odds. However if you would rather be betting $20-$60 per roll then you should be using the odds to do so as its free.
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Old 03-15-2019, 11:46 AM   #57
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Re: Best on Strip casino to play cheap Craps

hardways, yos and field bets for me!!!
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